Bank Nifty does Squaring of Space,EOD Analysis

By | November 6, 2018 7:11 am
  • As Discussed in Last Analysis  All Bullish target done with price moving a perfectly from 1 gann angle to another gann angle and extended target on twitter also done. Bank Nifty Bulls now need a close above 25730 for the move towards 25850/25930/26001. Bearish below 25500 for a move back to 25250/25100. Low made was 25534 so bulls did not let bears break 25500,closed above 25730 as yesterday  important time cycle date break of 25800 can see up move of 200-300 point easily and break of 25500 can see move of 200-300 points and also we are seeing 2 gann angle meeting suggesting “Squaring of Space” so big move round the corner. As close above 25730 waiting for 25850/25930/260064. Bearish below 25500 for a move back to 25250/25100.Important intraday time for reversal can be at 11:03/1:01. Nifty Astrological Analysis



  • Bank Nifty Nov Future Open Interest Volume is at 16.8 lakh with addition of 0.08 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @25131 rollover closed above it rallied 800 points .
  • 26000 CE is having highest OI @6.12 Lakh resistance at 26000  followed 26300.  24000-27000 CE added 0.003 Lakh in OI so bears added in range 26000-26500 CE.
  • 25000 PE is having highest OI @8.8 Lakh, strong support at 25000 followed by 24800.24000-26000 PE added 0.08  lakh OI so bulls continue to add in range of 24800-25000.



Buy above 25840 Tgt 25920,26000 and 26080 (Bank Nifty Spot Levels)

Sell below 25666 Tgt 25580,25500 and 25430(Bank Nifty Spot Levels)

Follow on Facebook

Follow on Twitter:

Category: Bank Nifty Time Cycle

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

Leave a Reply